Despite the recent Bitcoin halving event, market reaction remains subdued, with Bitcoin consolidating within a narrow range.
Despite the halving event, the initial market reaction has been muted, with Bitcoin consolidating between $65,000 and $67,000. This could hint that the broader uptrend remains intact, for now.The finite supply created by the halving, combined with continued inflows into Bitcoin ETFs iShares Bitcoin Trust – have been recorded, with BlackRock (NYSE:are witnessing a decline in the percentage of tokens held on exchanges, suggesting less selling pressure and an increase in long-term investors.
To resume the uptrend, breaking out of the supply zone around 3700 points is crucial. This breakout should pave the way for a rally to year's high above $4200.Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.not to mention those we plan to add in the near future.The author does not own any of these shares. This content, which is prepared for purely educational purposes, cannot be considered as investment advice.
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